The closest location to Australia that made the top 10 was Singapore, which was in seventh spot ahead of Sao Paulo, Brazil and Moscow, Russia.

Startup Genome released its updated report which investigated factors that contribute to the success or failures of startups in each ecosystem, including “throughput”, availability of capital, job creation, risk profile, product types, market size, mentorship, work ethic and thought leaders.

The projects leaders, Max Marmer, Bjoern Lasse Herrman, and Ertan Dogrultan began Startup Genome last year [pdf], collecting data from over 3200 startups from the around the world.

Although Silicon Valley’s startup ecosystem remains three times larger than New York City, and 4.5 times larger than London, and offered more startup capital than any other hub, London and New York offered more capital once a startup entered the “scaling up” stage.

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